PJM WH Real Time HR Financial Peak, LD1 for LMP (bilateral)

Description

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Market Specifications

Trading Screen Product Name

Fin Swap-Peak, LD1 for LMP

Trading Screen Hub Name

PJM WH RT (Heat Rate)

Trading Hours

24 x 7

Schedule

All peak hours for the applicable strip length referenced by the market for hours that are hours ending 0800-2300 in the eastern ("EPT") or central ("CPT") prevailing time zone., for Monday thru Friday week days that are non-NERC holidays.

Unit of Trading

Contract Size multiplied by the number of peak hours of every day
in the calendar month traded.

Currency

US $ and cents per MWH

Minimum Tick

0.005 per MWH

Last Trading Day

Three business days prior to the contract month.

Settlement

Cash Settled in USD.

Settlement Date

Each pricing day during a Determination Period.

Payment Dates

Ten (10) New York Business Days of the month following the Determination Period via wire transfer of Federal Funds.